2/22/2021 Q8-Accounting Changes (page 3 of 30)

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Question 3
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A change in accounting policy includes all of the following, except

Select one:
a. The change in inventory valuation from FIFO to weighted average method
b. The change from expensing to capitalizing borrowing costs
c. The change in depreciation method from sum of years’ digit to straight line
d. The initial adoption of a policy to carry assets at revalued amount

Clear my choice

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